Cannabix Technologies ( (TSE:BLO) ) has provided an update.
Cannabix Technologies announced its participation in the Tennessee Safety and Health Conference to showcase its Marijuana Breath Test and BreathLogix alcohol screening devices. The event, supported by the Tennessee Occupational Safety and Health Administration, provides an opportunity to connect with industry professionals and corporations in the drug and alcohol testing sector. The company’s MBT offers a portable breath collection solution for detecting recent THC use, while the BreathLogix devices provide unmanned, efficient alcohol screening for various employment settings. Additionally, Cannabix has changed its auditor to SHIM and Associates LLP, with no reservations or reportable events noted with the previous auditor.
Spark’s Take on TSE:BLO Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLO is a Neutral.
Cannabix Technologies’ stock score is driven by its weak financial performance, characterized by zero revenue and continuous losses. Positive technical indicators and recent corporate events offering strategic advancements provide some optimism. However, the speculative nature of the stock, reflected in its negative P/E ratio, underscores the significant financial and operational risks.
To see Spark’s full report on TSE:BLO stock, click here.
More about Cannabix Technologies
Cannabix Technologies Inc. is a company specializing in the development of breath testing devices for marijuana and alcohol detection. Their primary products include the Marijuana Breath Test (MBT) and the BreathLogix alcohol screening devices, which focus on recent use detection and autonomous alcohol screening, respectively. The company collaborates with AlcoPro Inc., a leading distributor of drug and alcohol testing instruments in the United States.
YTD Price Performance: 74.27%
Average Trading Volume: 109,781
Technical Sentiment Signal: Sell
Current Market Cap: $47.73M
For a thorough assessment of BLO stock, go to TipRanks’ Stock Analysis page.